New investment in cloud enabler CE On-Demand

CE On-DemandWednesday 05 September 12

Hungarian corporate venture capital investor Docler Investments has concluded an agreement to provide a EUR 1 million mezzanine finance facility to CE On-Demand, the fast-growing cloud delivery company based in Budapest, the fund's managing director announced today.
“Docler Investments has been looking for innovative businesses with considerable growth potential and international track record…

Hungarian corporate venture capital investor Docler Investments has concluded an agreement to provide a EUR 1 million mezzanine finance facility to CE On-Demand, the fast-growing cloud delivery company based in Budapest, the fund's managing director announced today.

“Docler Investments has been looking for innovative businesses with considerable growth potential and international track record. CE On-Demand proved to possess all of these qualities and a valid business plan for the future. This financing commitment is the first step towards a long-term relationship with this extraordinary company.” – said Zoltán Bernáth, managing director of Docler Investments Ltd.

CE On-Demand has recently been cited among the seven leading cloud enablers for telecom operators worldwide by industry research firm Informa Telecoms & Media. The company creates cloud providers by assisting Telcos, Systems Integrators and direct end customers to realize and implement their cloud strategies. Since its inception in 2008, CE On-Demand has supported over 25 partners, primarily Tier 1 telecommunication service providers, in deploying their cloud strategy. The Company’s footprint spans 15 countries and is growing fast. Docler Investments, a member of Docler Group, provides a mezzanine facility to CE On-Demand to finance the company’s services portfolio development and for further geographical expansions.

Viktor Kovács, Founder and CCO of CE On-Demand said: “Docler Investments is one of the strongest and most active private venture-capital players in the market. Docler Group has a number of member companies and investments in the IT sector which CE On-Demand plans to leverage on while building-out its services portfolio and capabilities. We see an increasing demand from the market for cloud brokerage that we can best capitalize on by enhancing our services portfolio to offer specialist and localized services to our customers. With the extended services portfolio, we aim to give partners the ability to build ecosystems that connect their customers to a wide variety of solutions and enabling them to take advantage of the business benefits of the cloud. This financing facility will also help CE On-Demand to expand to the Middle East, North Africa and Asia, emerging markets with a high cloud imperative.”

Docler Investments is the second institutional investment partner of CE On-Demand, after the venture capital fund DBH’s investment last year.

“As an investment fund, DBH searches for, analyzes and invests into future top-performers in the market who have the potential to become global players in their industries. CE On-Demand is a company that is on track to be considered a role model in this respect. We expect much from them and so far they have delivered, so we are looking forward to our collaboration with Docler Investments in planting the seeds for future growth with CE On-Demand” – said Sándor Erdei, chairman-CEO of DBH Investments.

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